The Purchasing Managers Index has slightly dropped to 53.5 points, down by 0.7 points from February.
Despite, the second drop in a row, the Q1 was the best quarter in two years, averaging 54.2 points. The result was fueled mostly by the strong January result (54.8)
“The rise in new orders led to another round of job creation at Polish goods producers. The rate of hiring eased to a five-month low, however. A larger workforce enabled some firms to work through their backlogs. Volumes of unfinished business dropped for the twenty-fifth month in succession” Markit said.
The headline Markit Poland Manufacturing PMI is a composite single-figure indicator of manufacturing performance. It is derived from indicators for new orders, output, employment, suppliers’ delivery times and stocks of purchases. Any figure greater than 50.0 indicates overall improvement of the sector.